New Employment Numbers Show Steep Losses in
July 20, 2009
Construction workers continued to bear the pain of steep job losses
almost everywhere in June, as construction employment rose only
in North Dakota (by 5 percent) and Louisiana (4 percent), compared
to June 2008, according to new data released by the Bureau of Labor
Statistics (BLS). Jobs disappeared in the remaining 48 states and
the District of Columbia, with losses as great as 26 percent in
Arizona, 23 percent in Nevada, 22 percent in Connecticut and 20
percent in Tennessee, says Ken Simonson, chief economist for the
Associated General Contractors of America.
"The Recovery Act will start mitigating job losses in all states
for the rest of the year and into 2010," says Simonson. "But
the worsening state and local fiscal picture, along with continued
sluggishness in the private sector, means that nonresidential construction
work will keep shrinking."
He continues, "Single-family homebuilders appear finally to
have touched bottom and should begin hiring on net. However, the
multi-family market remains moribund, with weak demand, excessive
supply in many states and no credit availability."
HERE for state-by-state construction employment information.
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